SHOTLEY PARISH COUNCIL
Annual Statement of Accounts 2005/06 |
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| Responsible Financial Officer's remarks: |
- The Council remains in a good financial position.
- The Council has three newly appointed staff: a Parish Clerk, a Responsible Financial Officer and a second Litter warden for Shotley Gate (one for Shotley Village already in employment).
- The Council have recently registered as a New Employer with the Inland Revenue. This obviously entails an extra amount of work each month and also extra costs in N. I. Contributions that had not existed before.
- Council Assets continues to grow: We now have two fully equipped Playgrounds, more bins, two new benches, a newly built bus shelter and two new computers.
- The outstanding amount of loan with the S.V.H.M.C. now stands at £1.939.08.
- Both Internal and External Auditors remain the same, Heelis and Lodge and Lubbock Fine respectively.
- All allotment rents were collected and are now up to date.
- All V.A.T. since 2001 (just over 9k) has been recovered and is now up to date.
- Good practise has greatly improved in recent months and all records of a financial nature are accurately kept and maintained.
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| Recommendations: |
- Following the success of the Parish Plan, there have been several spin-offs, particularly in the areas of Youth Work and Community Projects. With an estimated 10k budget for section 137, the Council is in a good position to support such projects, particularly with regards to the ones aimed at young people who, at present, do not have much in way of out of school / college activities.
- The various Committees must be more aware of funding / grants available from other sections of the governing bodies as this could prove crucial to getting projects off the ground.
- The Council should account for the depreciation of the Playgrounds over a period of 10 years. I suggest 10% of its total insurable value (5k over 50k) yearly, to be put aside in September when the second Precept instalment is received.
- Due to the significant increases in Assets, I also advise the Council that maintenance charges will invariably move in the same direction and provisions must be made.
- With the recent appointment of staff came the realisation that the workload may be bigger than originally anticipated. There is also a lot of change taking place in the Village, with 70 new houses being built and new Committees being formed nearly every month. The Council should allow for the inevitable increase in salaries that will result from this.
- All Counsellors are requested to produce a report from their various Committees / Working Parties regarding funds that they may require for the next Financial Year to assist in the preparation of the Draft Precept.
- As at 31 March 2006, our reserves were as follows:
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| Base Tracker Account |
£40.125.48 |
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| Community Account |
£3.925.56 |
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| Business Reserve Account |
£440.91 |
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| Grand Total: |
£44.492.95 |
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| Dina Bedwell, RFO, 20 July 2006 |
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| (c)
Shotley & Erwarton Parish Plan Steering
Committee. Page last updated: 29-07-06 |
